California Public Employees Retirement System Lowers Position in Winnebago Industries, Inc. (NYSE:WGO)

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California Public Employees Retirement System lowered its stake in shares of Winnebago Industries, Inc. (NYSE:WGO) by 4.7% during the first quarter, Holdings Channel reports. The institutional investor owned 66,185 shares of the construction company’s stock after selling 3,285 shares during the period. California Public Employees Retirement System’s holdings in Winnebago Industries were worth $2,062,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Winnebago Industries by 402.4% during the 1st quarter. Versant Capital Management Inc now owns 839 shares of the construction company’s stock worth $26,000 after purchasing an additional 672 shares during the period. Advisor Group Inc. increased its holdings in shares of Winnebago Industries by 103.4% during the 4th quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock worth $40,000 after purchasing an additional 841 shares during the period. AlphaOne Investment Services LLC increased its holdings in shares of Winnebago Industries by 39.7% during the 4th quarter. AlphaOne Investment Services LLC now owns 1,721 shares of the construction company’s stock worth $42,000 after purchasing an additional 489 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Winnebago Industries by 27.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the construction company’s stock worth $48,000 after purchasing an additional 428 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Winnebago Industries by 8,860.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,541 shares of the construction company’s stock worth $204,000 after purchasing an additional 6,468 shares during the period. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Friday, April 19th. Zacks Investment Research upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $37.80.

In other news, CFO Bryan L. Hughes purchased 2,500 shares of Winnebago Industries stock in a transaction on Wednesday, March 27th. The shares were purchased at an average cost of $29.58 per share, for a total transaction of $73,950.00. Following the completion of the transaction, the chief financial officer now directly owns 19,288 shares in the company, valued at $570,539.04. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael J. Happe purchased 3,500 shares of Winnebago Industries stock in a transaction on Wednesday, March 27th. The stock was purchased at an average price of $29.19 per share, for a total transaction of $102,165.00. Following the completion of the transaction, the chief executive officer now owns 56,671 shares of the company’s stock, valued at $1,654,226.49. The disclosure for this purchase can be found here. 3.57% of the stock is currently owned by insiders.

Shares of Winnebago Industries stock opened at $36.25 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48. Winnebago Industries, Inc. has a twelve month low of $19.77 and a twelve month high of $47.76. The stock has a market cap of $1.16 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.45 and a beta of 1.51.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Monday, March 25th. The construction company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.12. Winnebago Industries had a net margin of 5.24% and a return on equity of 19.11%. The business had revenue of $432.70 million for the quarter, compared to analyst estimates of $443.05 million. During the same period in the previous year, the business earned $0.69 EPS. The firm’s revenue was down 7.6% on a year-over-year basis. Research analysts forecast that Winnebago Industries, Inc. will post 3.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 19th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. Winnebago Industries’s dividend payout ratio (DPR) is currently 13.97%.

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Winnebago Industries Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

See Also: P/E Growth (PEG)

Want to see what other hedge funds are holding WGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Winnebago Industries, Inc. (NYSE:WGO).

Institutional Ownership by Quarter for Winnebago Industries (NYSE:WGO)

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